Boost in Orascom Hotels revenues in Q1 2017
Companyâs revenues increased by 73.9%, from EGP 284m in Q1 2016 to EGP 493.8m in Q1 2017
Latest in Tag: Orascom Hotels and Development Highlight
Latest in Tag: Orascom Hotels and Development
OHD to begin expansion of second El Gouna marina early 2017:Â GM
We still have a large portfolio of lands in the resort of 37m sqm, 14m meters utilised so far, says general manager of El Gouna
Samih Sawirisâ OHD turns to profitability in H1 of 2015
OHD recorded net profits worth EGP 154.7m in H1 of 2015, up from losses of EGP 34.35m in H1 of 2014
Orascom Development Holding records $37.01m net profits in 2014
The group had accumulated losses worth $171.3m in 2013
Stock markets losses EGP 9.4bn
Trading on Orascom Hotels and Development stocks started during Tuesdayâs session
OHD offers 15% of stocks at EGP 506m
33m stocks were offered by the company
Orascom Development Holding offers 10-15% in stock market
The company stated that its management is âoptimistic with the companyâs performanceâ, adding that it expects a stronger performance after the completion of the upcoming parliamentary elections.
Central Bank launches new initiative to boost tourism sector
Amr Shetta, from Orascom Hotels and Development, said that âit is not the Central Bankâs roleâ to help the sector, which is a matter of âgovernment concernâ
